The sales department of the company "AAAA S.A." (in a market research conducted last year) found that most consumers were interested in the idea that the company would create a new product. The implementation of the market research cost the company 20,000 euros. For the new investment, the company must spend 80,000 euros for purchasing machinery, 3,000 euros for transportation costs and 1,000 euros for installation costs. The beneficial/useful life span of machinery was defined by the manufacturer at 10 years, while the life cycle of the product (such as research suggests) is 5 years and then the machines will be sold for 30,000 euros. The following Table presents the results of the survey on the number of sales, variable costs, working capital needs and management and disposal costs.

	YEAR 1	YEAR 2	YEAR 3	YEAR 4	YEAR 5
Sale in pieces	5,000	8,500	12,000	13,000	10,000
Variable costs per unit of product	8.80	9.40	10	11	12
Sales price per unit of product	15	16	17	19	20
Management and disposal costs	1,000	1,100	1,250	1,320	1,320
Working capital	10,000	30,000	50,000	60,000	60,000

In addition, the corporate tax rate is 25%. the capital cost factor is 10% on an annual basis and the company applies the straight-line method in calculating depreciation that will take place in 5 years.

You are asked to decide whether or not it is in your best interest to implement the new business proposal through the criteria of Net Present Value (NPV). Show the calculations of the cash flows.